310/320 Upper Newtownards Rd, Belfast BT4 3AG

Additional Information

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Planning Permission (Z/2008/0032/F) granted for shopfront alterations and partial change of use (80 sqm) from class A1 to class A2 including subdivision into 4 units.

Former neighbourhood food store suitable for a variety of retail uses. With extensive first and second floor stores.

Planning Permission granted for conversion to 4 no. self contained retail units with upper floor ancillary accommodation and change of use to Class A2 (Financial, Professional and other services) for (80 sqm) Copy planning permission available on request.

Rental income of £4,500 pa from first floor tenant.

EXISTING ACCOMMODATION

Floor                 Sq. m.    Sq. ft.
Ground               329.6     3,548
First                   126        1,357
Second               54.3       585
TOTAL               509.9      5,490

Sections of the upper floor accommodation are currently boarded up with no access and are therefore excluded from the above areas.

PROPOSED ACCOMMODATION

Indicative plans show a possible layout following sub-division providing 4 units with the following approximate gross internal area:
Description        Floor           Sq.m          Sq.ft.
UNIT 1              Ground         98.1           1,056
                        First            101.3          1,090
                        Second         49.2             529
UNIT 2              Ground        101.6          1,094
                        First             100.3         1,080
                        Second          49.0            527
UNIT 3              Ground          85.3            918
                        First              75.6            814
                        Second          48.7            524
UNIT 4              Ground          82.5            888
                         First             75.6             814
                         Second         48.7             524

RENTAL INCOME

The upper floor accommodation to the rear of 310 Upper Newtownards
Road (1a Castleview Terrace) is occupied by Skandia Restaurants Limited. The lease was for a term of 5 years from September 2002 and has now expired, the tenants are currently overholding. The rent passing is £4,500 pa.

PRICE

Offers are invited in the region of £1,000,000

or RENT

Alternatively our client will consider undertaking the redevelopment
works and offering the units To Let. Further details available on application

VAT

All prices, charges and rentals are quoted exclusive of VAT, which may
be applicable.